Posted in: behavioral economics
“Experiments in behavioral economics and education suggest that individuals can benefit from a ‘nudge’ to complete tasks.”
Gold, J., Stripling, R., & Kurlaender, M. (2020)
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Conservative and Libertarian Views, Choice in the Free Market
November 18, 2014
By: Brent Stackhouse, MBA
The Stackhouse Agency, LLC
Keywords:
Austrian economics, behavioral economics, belief, betterment, choice, civility, communion, conservatism, consumer, endowment effect, free market, influence, laissez-faire, libertarian, libertarian paternalism, morality, poverty, prosocial behavior, prosperity, regulation, religious primes, social framework, transaction, value, welfare state
Word Count: 2,111
Abstract:
Behavioral economics informs the planning and strategy of many organizations and businesses. There are conservative views of the free market as well as libertarian views of the free market. Such distinctions are not necessarily political distinctions. Belief can have a profound impact upon decision-making. Belief is not necessarily religious, yet it has an impact - how one may interact within a free market. Belief is a major component of the market for considerations beyond price and profit. Certain items are included in the free market but are deemed as basic needs by some for members within a society. Providing for some within society or allowing opportunity is either seen as an aspect of the free market or an offshoot of the free market. A conservative or libertarian view may impact notions of regulation, what items are sold in a free market, wealth creation, and wealth accumulation.
Please contact The Stackhouse Agency, LLC for purchases and consulting work.
www.StackhouseAgency.com Olathe, Kansas
Brent Stackhouse, MBA email: bstackhouse@StackhouseAgency.com
Business & Organizational Leverage: Behavior in Economic Considerations and Why Blue Swayed Shoos
November 14, 2014
By: Brent Stackhouse, MBA
The Stackhouse Agency, LLC
Keywords: acquisition, behavior, business leverage, consistency, consumers, customers, economics, feeling, free market, legitimacy, place, status, stimuli, sway
Word Count: 1,552
Abstract:
The free market is dynamic. Specialization and choice are components of the free market. Various business models exist. A viable organization has certain areas of approach towards those within and outside the organization. Insights from behavioral economics are increasingly beneficial in business and organizational leverage. This is a means of legitimately working towards goals and improvements. “Business focus and the implementation of strategy from behavioral economics assist in delivering momentum when encountering subtle yet pervasive blues, reduced customer experience and sentiment, a shooing away of customers, and the subsequent lack of gains from minimizing business leverage utilization.”
Please contact The Stackhouse Agency, LLC for purchases and consulting work.
www.StackhouseAgency.com Olathe, Kansas
Brent Stackhouse, MBA email: bstackhouse@StackhouseAgency.com